Rolet Out in LSEG Shake-Up

Chairman Donald Brydon will also not stand for re-election after demands made by activist investor.

London Stock Exchange

Rolet stepped down at the request of the board, according to a statement from the LSEG, having announced in October his plans to resign at the end of 2018, once a search for a successor could be completed.

However, on November 9, one of the LSEG’s investors, The Children’s Investment Master Fund (TCI), called for a general meeting of shareholders in an attempt to pressure Rolet to stay and to oust LSEG chairman Donald Brydon.

In announcing Rolet’s resignation, the LSEG also stated that Brydon

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit broker dealers’ use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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